The product of the stock price and the total outstanding shares of that stock is referred to as:
a. market capitalization.
b. floating capital.
c. book value.
d. financial value.
e. face value.
a
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Which of the following is the best example of a monopolistically competitive industry?
A) land-based long distance telephone service B) wheat farming C) the local electricity producer D) manufacturing of shirts E) cable television
Refer to Figure 5-2. The deadweight loss due to the externality is represented by the area
A) abc. B) abd. C) abf. D) ade.
Which of the following would be most likely to cause a reduction in current aggregate demand in the United States?
a. Increased business optimism about the future. b. The economies of key trading partners fall into a recession. c. A sharp increase in the value of stocks owned by Americans. d. An increase in the expected rate of inflation.
When a tax is imposed on the buyers of a good, the demand curve shifts
a. upward by the amount of the tax. b. downward by the amount of the tax. c. upward by less than the amount of the tax. d. downward by less than the amount of the tax.